Thursday, November 17, 2022

The World’s Largest Flawless Diamond Might Fetch Over $15 Million at Public sale


One other day, one other huge fancy-colored diamond hits the public sale block.

This week, simply days after it revealed plans to promote a set of vivid blue diamonds from De Beers, Sotheby’s introduced that it’ll additionally promote a 303.10-carat stone referred to as the Golden Canary at its Magnificent Jewels sale in December.

Extra from Robb Report

The pear-shaped gem, which boasts a elaborate deep brownish-yellow hue, is among the largest polished diamonds on the earth and the largest flawless diamond ever graded by the Gemological Institute of America, or GIA. Due to its rarity (yellow diamonds solely make up .006 % of diamonds on the earth) dimension and high quality, it’s anticipated to fetch in extra of $15 million.

“The Golden Canary is among the most beautiful diamonds ever to be found, not just for its sheer dimension and depth in coloration however for its beautiful magnificence that’s certain to captivate collectors all over the world,” says Quig Bruning, head of jewellery for Sotheby’s America, in a press assertion. “Sotheby’s is privileged to assist write the subsequent chapter for this incomparable, reborn gem.”

The diamond’s historical past dates again to the Eighties, when a younger woman within the Democratic Republic of Congo found the stone in a pile of rubble and gave it to her uncle. In accordance with Sotheby’s, the miners at a neighborhood mine discarded it as a result of they didn’t suppose it was diamond-bearing. The woman gave it to her uncle, who bought what would grow to be an enormous 890-carat diamond to native sellers.

Sotheby's to sell Golden Canary diamond at its Magnificent Jewels auction on December 7, 2022 in New York.

The pear-shaped diamond weighs over 300 carats.

The stone was introduced to the general public in 1984 on the Smithsonian Nationwide Museum of Pure Historical past. Over the subsequent 5 years, the diamond was lower into 15 polished stones, the biggest of which, weighing 407.49 carats, turned referred to as the “Incomparable.” Years later, the GIA made the choice to re-cut this stone to boost its coloration and vibrancy. In a latest monograph, the affiliation wrote, “The re-cut of the Incomparable to the present 303.10-carat pear modified sensible is to have a look at the diamond as new; a re-creation bringing to bear the advances in know-how, pc modeling and visible analysis obtainable at the moment.”

Earlier than the diamond goes underneath the hammer, it would embark on a world tour of Sotheby’s worldwide galleries, making stops in Dubai, Taipei, Geneva and Hong Kong. Fortunately, the public sale will occur proper on time so that you can make the desires of any jewellery collectors in your checklist come true.

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